In a BSE filing today, Suven Life said it has been granted "one product patent from Australia and one product patent from Canada corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with neuro-degenerative diseases".

"The patents from Australia and Canada will be valid till 2032 and 2031, respectively," the company added.

Suven Life CEO Venkat Jasti said: "We are very pleased by the grant of these patents to Suven for our pipeline of molecules in the CNS (central nervous system) arena, which are being developed for cognitive disorders with high unmet medical need with a huge market potential globally."

With these new patents, Suven has a total of 23 granted patents from Australia and 22 from Canada.

"These granted patents are exclusive intellectual property of Suven and are achieved through internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like phase-I or phase-II," Suven said.

The stock was trading 1.52 per cent down at Rs 152.55 in the morning session on BSE.

Only in India the healthcare financing is very small when compared to the financing by the other forces rather than the patient himself or herself paying out of pocket. Having 70-75% of the expenses as out-of-pocket, in my opinion, is not a right approach to managing healthcare in a country where the patients tend to sub-optimally purchase healthcare if he/she has to pay out-of-pocket.